Market Overview - The ADP employment report for October showed an increase of 42,000 jobs, significantly exceeding the expected 28,000, marking the largest gain since July 2025[12] - Major U.S. indices closed higher, with the Nasdaq up 0.65%, the Dow Jones up 0.48%, and the S&P 500 up 0.37%[9] - The Hang Seng Index and the Hang Seng Tech Index fell by 0.07% and 0.56%, respectively, while the Shanghai Composite Index rose by 0.23%[3] Sector Performance - Large tech stocks showed mixed results, with JD.com, Alibaba, and Xiaomi declining, while Meituan rose by 1.3%[9] - The energy sector saw significant investment, with State Grid's fixed asset investment exceeding 420 billion CNY, leading to gains in related stocks[9] - Financial and gaming stocks generally performed well, while education, restaurant, automotive, and semiconductor stocks were weak[9] International Indices - The Nikkei 225 index fell by 2.5%, influenced by a broader tech sell-off, while the DAX in Germany rose by 0.42%[3][12] - The Nasdaq Golden Dragon China Index increased by 0.15%, with JinkoSolar and Canadian Solar seeing gains of 16% and 13.7%, respectively[12] Notable Company Movements - Tesla shares rose over 4% amid news of a significant compensation proposal for CEO Elon Musk[9] - Pinterest's stock dropped over 21%, marking its second-worst single-day performance since its U.S. IPO due to tariff impacts on advertising revenue[12] - AMD's stock increased by 2.5% after reporting Q3 earnings that exceeded expectations, although Q4 guidance was less impressive[9]